Magazine : 
Corporate India's Reaction on Modi's Comeback
Mandar Agashe, Founder, Sarvatra Technologies
The new government is definitely welcomed by the fintech industry as well as startups due to their ambitious and enterprising vision for a Digital India. The government has taken up various initiatives to encourage e-payments in India and has worked towards improving digital literacy in the country by improving upon convenience, cost and instilling confidence within the people towards digital transactions. We expect the new government to take forward the Digital India vision to the next level in the coming five years. We should aim to record ourselves as at least in the top ten list of digitally advanced nations. We hope to see favourable policies by the government which will help the startups to flourish in our country. There has been a very clear link between the increasing reliance on digital payments and the increase in GDP, and thus, vital steps have to be taken to educate people of all sections and inculcate habits of digitization through attractive incentives, underlining the ease of operability and strengthening the security around these systems. The government has to create a secure, accessible and innovative structure that will allow the Fintechs, Startups and the Digital payments industry to thrive at a booming rate, while also taking measures to nurture innovation to keep up with this rapidly evolving sector.
Udit Sheth, Vice Chairman, Setco Automotive
We congratulate the government for winning the second term. With a stable government we expect a speedy implementation of infrastructure projects, smooth transition to BSVI along with stringent norms to scrap old polluting vehicles.Additionally, we expect more boost for agriculture sector and creating a better ease of doing business environment to enhance further goods movement in India.
Sanjay Sharma, Founder & Managing Director, Aye Finance
The 68 million grassroots businesses in India which have been making significant contribution to the National GPD, need a continued benevolent approach from the Government. The Government Policies need to focus on creating a supportive ecosystem which empowers micro enterprises to create globally competitive products rather than granting loan waivers which only leads to dependency and inadequacy in the sector. While a lot of work has been done by SIDBI & RBI, we need more efforts in this direction to develop a more sustainable and robust sector.
Manish Khera, Founder & CEO, Happy
As our nation has recently celebrated the festival of democracy with massive fanfare, people are eagerly anticipating the results to see towards which direction the nation is now going to sail. We in startup community believe that all of our political representatives have a great responsibility over their shoulders. Startup India initiative that got a lot of fuel in the last term needs to be steered well. They have to positively contribute towards policy-making and drive the much-needed reforms. Sustained and calibrated efforts have to be taken to resolve any challenges that might come up timely and prevent our embryonic market from their direct repercussions.
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